Samantha Jee put $3,000 into a mutual fund yielding a 12 percent annual rate of return. Using the Rule of 72, calculate approximately how long it will take for the investment to double in value
A) Two years
B) Two years and four months
C) Six years
D) Seven years and four months
Answer: C
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Cash paid to purchase long-term investments would be reported in the statement of cash flows in
a. the cash flows from operating activities section b. the cash flows from financing activities section c. the cash flows from investing activities section d. a separate schedule
________ investments are categorized as either current assets or long-term assets on the balance sheet, depending on the maturity date.
A) Held-to-maturity debt B) Serial bond debt C) Trading debt D) Available-for-sale debt
Gross profit is also called gross margin.
Answer the following statement true (T) or false (F)
The most popular approaches to achieving product/service objectives while entering new
markets are through innovation focus and low cost. Indicate whether the statement is true or false